Greece: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Greece

The Greek rolled bitumen articles market rose notably to $X in 2021, increasing by 7.7% against the previous year. In general, consumption, however, showed a slight shrinkage. Rolled bitumen articles consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Rolled Bitumen Articles Production in Greece

In value terms, rolled bitumen articles production rose rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +99.1% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28% against the previous year. Over the period under review, production reached the maximum level in 2021 and is expected to retain growth in the near future.

Rolled Bitumen Articles Exports

Exports from Greece

In 2021, approx. X square meters of articles of bitumen in rolls were exported from Greece; with an increase of 2% on the year before. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 231% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, rolled bitumen articles exports totaled $X in 2021. Over the period under review, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 268%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Israel (X square meters) was the main destination for rolled bitumen articles exports from Greece, with a 66% share of total exports. Moreover, rolled bitumen articles exports to Israel exceeded the volume sent to the second major destination, Albania (X square meters), fivefold. Bulgaria (X square meters) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Israel amounted to +149.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+1.9% per year) and Bulgaria (+3.9% per year).

In value terms, Israel ($X) remains the key foreign market for articles of bitumen in rolls exports from Greece, comprising 69% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 10% share of total exports. It was followed by Albania, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Israel amounted to +129.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-0.1% per year) and Albania (+0.5% per year).

Export Prices by Country

In 2021, the average rolled bitumen articles export price amounted to $X per square meter, increasing by 3% against the previous year. In general, the export price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 17%. The export price peaked at $X per square meter in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Albania ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Rolled Bitumen Articles Imports

Imports into Greece

In 2021, purchases abroad of articles of bitumen in rolls decreased by -10.4% to X square meters, falling for the second year in a row after two years of growth. Over the period under review, imports showed a mild decline. The growth pace was the most rapid in 2018 with an increase of 13%. Over the period under review, imports attained the peak figure at X square meters in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, rolled bitumen articles imports fell slightly to $X in 2021. Overall, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by 17% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X square meters), Romania (X square meters) and Russia (X square meters) were the main suppliers of rolled bitumen articles imports to Greece, together accounting for 76% of total imports. These countries were followed by Turkey, Bulgaria, France and Serbia, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +115.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Romania ($X) and Russia ($X) constituted the largest rolled bitumen articles suppliers to Greece, with a combined 73% share of total imports. These countries were followed by Turkey, Bulgaria, France and Serbia, which together accounted for a further 22%.

Bulgaria, with a CAGR of +93.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average rolled bitumen articles import price amounted to $X per square meter, rising by 7.4% against the previous year. In general, the import price, however, saw a mild contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 8.1% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per square meter), while the price for Russia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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